Electric Car
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Bridgewater Associates, world's largest hedge fund, now owns NIO stock
Bridgewater Associates, the world's largest hedge fund run by billionaire investor Ray Dalio, is now holding shares in Chinese EV maker NIO, despite in a small amount.
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NIO to redeem 8.6% stake in NIO China from investors, shares up 3% pre-market
NIO has agreed to redeem 8.6 percent equity interests in NIO (Anhui) Holding Co., Ltd., the legal entity of NIO China, according to an SEC filing.
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NIO starts shipping EC6 from factory, first owners to get deliveries soon
NIO said today that its third mass-produced vehicle, the EC6, has started shipping out of the factory and will be delivered to owners soon.
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Evergrande's car making arm plans IPO on Shanghai STAR market
Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, announced on September 18 that it intends to issue RMB shares on China's Nasdaq-style sci-tech innovation board, also known as the STAR market.
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NIO exec says 92% of its parts come from China
NIO gets about 92 percent of its parts from local production and 8 percent from imports, Shen Feng, NIO executive vice president and chairman of the global quality committee, said at an event in Nanjing on September 16.
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NIO is China's best quality brand for electric cars, ahead of Tesla, report shows
NIO is the best quality electric vehicle sold in China, ahead of the Tesla, according to a report released today by market research firm J.D. Power.
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Nio's local rival WM Motor reportedly secures 1 billion yuan in new financing
Chinese electric vehicle startup WM Motor has completed its Series D round of financing, led by Hefei Industrial Investment and Guidance Fund Co. with an investment of 1 billion yuan, according to the Beijing News.
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GAC NIO establishes $1 billion fund to support partners
GAC NIO, the joint venture between Chinese carmakers GAC Group and NIO, announced on September 16 that it is launching the GAC NIO Smart Mobility Ecological Fund in conjunction with Xin Ding Capital, with an initial fund size of $1 billion to provide financial and resource support for companies in the ecosystem.
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Geely unveils battery swap station in major endorsement of NIO-led technology route
As a major endorsement of the NIO-led battery swap model, Geely Technology Group announced its battery swap model for the first time at a press conference in Chongqing today, and plans to complete construction of 35 battery swap stations in the city this year.
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Man sentenced to about $44,400 fine, public apology for publishing fake news about NIO bankruptcy
A Shanghai court recently ordered a man, who published a false story late last year that Chinese EV maker NIO was negotiating a bankruptcy and liquidation with law firms, to pay NIO 300,000 yuan ($44,400) in damages and to publicly apologize for at least 90 days, according to Tencent Auto.